Richland County SC Property Taxes

[Bryen Blankenship]

I'm looking to purchase a duplex in Columbia, but I'm concerned about the property taxes. Are the properties taxes based solely on the sale price? 

Here are the numbers:

Sale Price $435,000

2019 Property Taxes $5108.42

Below is the county breakdown. 

Taxable Value		$172,400.00
Homestead (if applicable)	-	$0.00
Net Taxable Value		$172,400.00
Assessment Ratio	X	0.06
Total Assessment		$10,340.00
Millage Rate	X	0.5514
Estimate Before Sales Tax Credit		$5,701.48
Local Option Sales Tax Credit	-	$593.06
Estimated Tax*		$5,108.42

Estimated 2020 Tax

Taxable Value		$435000
Homestead (if applicable)	-	$0.00
Net Taxable Value		$435000
Assessment Ratio	X	0.06
Total Assessment		$26280
Millage Rate	X	0.5514
Estimate Before Sales Tax Credit		$14490.79
Local Option Sales Tax Credit	-	$593.06
Estimated Tax*		$13897.73